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IFC Provides $15 Million Funding to Caribbean Debt Fund Serving 13 Caribbean Nations
IFC has announced a $15 million equity investment in the Caribbean Community Resilience Fund Debt Fund, a regional financing platform designed to improve access to capital for businesses across 13 Caribbean countries. The investment aims to strengthen private sector growth, create jobs, and increase climate resilience in one of the world’s most disaster-exposed regions. According…
Dashdot Collapses Into Liquidation With $16.6M Debt, June 15
Dashdot buyer’s agency collapses with $16.6M debt; customers owed $10.6M for prepaid services. Liquidators investigate insolvency timeline.
Millionaires Flee to Portugal and Turkey as Citizenship Costs Soar, June 15
Millionaires buy second passports in record numbers. Portugal and Turkey replace Malta as top destinations amid geopolitical risks.
Toyota Races Forward on Hydrogen, Stock Up 1% June 15
Toyota’s hydrogen engine completes 24-hour Fuji Speedway race with superconducting technology, advancing fuel cell vehicle development.
Rapidus Partners With UK and Italy on Chip Development, June 14
Rapidus partners with UK and Italian institutions on semiconductor development, backed by Japan for economic security and European market expansion.
Bangladesh PM’s First Tour Skips India, Heads to Malaysia and China
Bangladesh PM Tarique Rahman visits Malaysia and China in June, prioritizing worker welfare, infrastructure, and investment over India.
Shell Plans $1B Offshore Wind Sale, Pivots to Fossil Fuels, June 13
Shell divests $1 billion in offshore wind assets, pivoting toward fossil fuels under CEO Wael Sawan’s strategy.
Midland Shooting Kills 1, Injures 10; Suspect Dead After Standoff June 12
One dead, 10 injured in Midland, Texas shooting. Suspect Victor Mata Villarreal found dead after standoff with police.
Microsoft Stock Falls 1.77% as Xbox Overhaul Weighs on AI Spending, June 12
Microsoft stock fell 1.77% to $390.34 on June 11 amid Xbox restructuring and AI spending scrutiny, offset by strong Azure growth.